Chambal Fert Swing Long Update- Chambal is currently trading at 519
- I am soon expecting Chambal to purge 530 as well
- If you are late then it is better not to catch the breakout if your entry is not conservative
- If you try longing after taking a confirmation from the breakout a Buy Side Liquidity trap will stop you out showing a bullish fakeout
- So Avoid longing chambal when the party is over
- If you a retracement and a catch beneath the wicks entries are going to be perfect
- Manage risk properly
Chambalfertanalysis
CHAMBAL 550 ?Hi guys
I am posting this chart again with the possible Elliot wave counts and proper harmonic patterns
Stock is consolidating from a long time - July month in descending triangle pattern. we can see price are in compression mode. we can see a good breakout in this stock unto 345 and 470
Thanks
Bullish - Inverted Head & Shoulder PattenHii All,
Greetings!
Chambal fertilizer has created a Inverted Head & Shoulder Pattern.
Having a Bullish view in the stock.
looking for 15 to 20 % upside.
Important Things
1. This is only for educational purposes only.
2. Never over trade.
3. Always keep Stop Loss.
4. Trade in limited quantity.
5. Taking a small loss is better than wiping up your whole capital.
I hope you found this idea helpful.
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Happy & Safe Trading
#chamblfert downtrend movement with risk:reward 3.2#chambal Fertiliser #chamblfert downtrend movement with risk:reward 3.1
Symbol: chambal fertilizer
Time frame :Day chart
Analysis breaker from the symmetrical Triangle
Downtrend Movement
Checked the conditions for moving average, RSI and volume
Sell at 271 with this stoploss 296 and target 206
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NOTE: Published Ideas are for ‘’EDUCATIONAL PURPOSE ONLY’’ trade at your own risk.
NOTE: RESPECT The risk. SL should not be more than 2% of the capital.
Happy Trading
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